Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Peter Schiff Criticizes Bitcoin at Las Vegas Conference

    Peter Schiff Criticizes Bitcoin, Endorses Gold at Conference

    Paraguay’s President’s X Account Hacked, Bitcoin Scam Debunked

    BlackRock’s Bitcoin ETF Achieves $70B AUM Milestone

    Bitcoin’s Realized Cap Reaches Record $934.88 Billion

    Robert Kiyosaki Labels Bitcoin as People’s Currency Amid Riots

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Avalon Labs Burns 80 Million AVL Tokens

    Avalon Labs Burns 80M AVL Tokens, Alters Supply

    Canary Capital Registers Staked Injective ETF in Delaware

    Canary Capital Registers Injective ETF in Delaware

    Cardano Listed on Bitstamp US After Robinhood Deal

    Bitstamp Lists Cardano After Robinhood Acquisition

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Avalon Labs Burns 80 Million AVL Tokens

Adriana M. by Adriana M.
June 10, 2025
in Altcoin News
Key Points:
  • The AVL token burn reduces supply significantly.
  • AVL price surged by over 18% post-announcement.
  • Initiated a potential deflationary cycle for AVL.
avalon-labs-burns-80-million-avl-tokens-impact-and-market-reaction
Avalon Labs Burns 80 Million AVL Tokens: Impact and Market Reaction

Main Content

Avalon Labs, a fintech company focused on Bitcoin-backed capital markets, announced the permanent burning of 80 million AVL tokens. These tokens, worth approximately $16 million, were initially part of an airdrop campaign. According to the Avalon Labs Official Twitter Account, @avalonfinance_, “Avalon Labs has officially burned 80M $AVL, representing 44% of the circulating supply. These unclaimed airdrop tokens, worth approximately $16 million, have now been permanently removed from circulation. Over the past year, a total of $20M worth of $AVL has been claimed by…”

The AVL price surged over 18%, indicating strong market support; this aligns with similar historical token burn events. With its recent $2 billion secured for BTC-backed lending, Avalon Labs aims for increased user engagement and investor alignment. Such burns, seen with Binance’s BNB, often lead to price rallies during deflationary cycles. The AVL token burn could drive long-term positive institutional and investor sentiments toward Avalon Labs’ ecosystem.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

Avalon Labs Burns 80M AVL Tokens, Alters Supply

Adriana M.

Adriana M.

Related Posts

Avalon Labs Burns 80M AVL Tokens, Alters Supply

by Solomon M.
June 10, 2025

Avalon Labs eliminates 80M AVL tokens, reducing circulating supply by 44%, igniting market interest.

Canary Capital Registers Staked Injective ETF in Delaware

by Solomon M.
June 10, 2025

Canary Capital initiates U.S. Staked Injective ETF registration, exploring new blockchain investment opportunities.

Canary Capital Registers Injective ETF in Delaware

by Solomon M.
June 10, 2025

Canary Capital files for Staked Injective ETF in Delaware, taking a step towards U.S. regulatory approval.

Cardano Listed on Bitstamp US After Robinhood Deal

by Solomon M.
June 9, 2025

Cardano (ADA) is now available on Bitstamp US following Robinhood's acquisition, enhancing trading access.

Bitstamp Lists Cardano After Robinhood Acquisition

by Solomon M.
June 9, 2025

Bitstamp US lists Cardano (ADA) for trading days after Robinhood buys Bitstamp.

PEPE Coin Faces Potential Crash After Whale Dump

by Solomon M.
June 9, 2025

Whale action causes speculation around PEPE Coin's price drop potential amid recent token movements.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.